I 

116TH CONGRESS 

1ST SESSION H. R. 2950 

To amend the Federal Funding Accountability and Transparency Act of 

2006 to require full disclosure for entities receiving Federal funding. 

IN THE HOUSE OF REPRESENTATIVES 

MAY 23, 2019 

Ms. DEAN introduced the following bill; which was referred to the Committee 

on Oversight and Reform 

A BILL 

To amend the Federal Funding Accountability and Transparency Act of 2006 to require full disclosure for entities 

receiving Federal funding. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Know Conflicts Act 

5 of 2019’’. 

6 SEC. 2. FULL DISCLOSURE OF ENTITIES RECEIVING FED7 ERAL FUNDING. 

8 Section 2 of the Federal Funding Accountability and 

9 Transparency Act of 2006 (31 U.S.C. 6101 note) is 

10 amended— 


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1 (1) in subsection (a)— 

2 (A) by redesignating— 

3 (i) paragraphs (6) through (8) as 

4 paragraphs (9) through (11), respectively; 

5 and 

6 (ii) paragraphs (1) through (4) as 

7 paragraphs (3) through (7), respectively; 

8 (B) by inserting before paragraph (2), as 

9 redesignated, the following: 

10 ‘‘(1) ACTIVE FINANCIAL CONFLICT OF INTER11 EST.—The term ‘active financial conflict of interest’ 

12 means any potential source of conflict that con13 stitutes a financial interest in or liability owed to an 

14 entity reported as receiving a Federal award under 

15 this Act. 

16 ‘‘(2) COVERED PERSON.—The term ‘covered 

17 person’ means the President, Vice President, the 

18 spouse of the President, the spouse of the Vice 

19 President, a dependent child of the President, or a 

20 dependent child of the Vice President.’’; and 

21 (C) by inserting after paragraph (7), as re22 designated the following: 

23 ‘‘(8) POTENTIAL SOURCE OF CONFLICT.—The 

24 term ‘potential source of conflict’ means any finanVerDate Sep 11 2014 23:19 Jun 06, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H2950.IH H2950

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1 cial interest or liability held by a covered person 

2 that— 

3 ‘‘(A)(i) is not a financial interest described 

4 in section 102(f)(8) of the Ethics in Govern5 ment Act of 1978 (5 U.S.C. App.); and 

6 ‘‘(ii) is included in a covered person’s fi7 nancial disclosure report required to be filed 

8 under section 101 of the Ethics in Government 

9 Act of 1978 (5 U.S.C. App.); or 

10 ‘‘(iii) is otherwise identified by the Director 

11 of the Office of Government Ethics as a poten12 tial source of conflict.’’; and 

13 (2) in subsection (b)(1)— 

14 (A) in subparagraph (F)(ii), by striking 

15 the period at the end and inserting a semicolon; 

16 (B) by redesignating subparagraph (G) as 

17 subparagraph (H); and 

18 (C) by inserting after subparagraph (F) 

19 the following: 

20 ‘‘(G) information indicating whether a 

21 Federal award has resulted in the existence of 

22 one or more active financial conflicts of interest; 

23 and’’. 


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1 SEC. 3. REPORT. 

2 Not later than November 30 of each year, the Bureau 

3 of the Fiscal Service of the Department of the Treasury 

4 shall submit to Congress a report that includes a com5 prehensive accounting of all new or ongoing active con6 flicts of interest, as defined in section 2 of the Federal 

7 Funding Accountability and Transparency Act of 2006 

8 (31 U.S.C. 6101 note), as amended by section 2 of this 

9 Act. 

Æ 


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